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NEW YORK--(BUSINESS WIRE)--Citi announced today that it lent more than $10 billion to U.S. small
businesses in 2015. Over the past five years, Citi has lent small
businesses in the U.S. a total of $46 billion. Citi’s pace of small
business lending in 2015 ($10.0 billion) surpassed that of 2009 ($4.5
billion) by more than 120 percent.

Citi CEO Michael Corbat said, “Five years ago we pledged to dramatically
increase our lending to small businesses because they are critical to
job creation and economic growth. Since that time we’ve lent $46 billion
to all types of small businesses throughout the country. This increased
level of lending has helped entrepreneurs strengthen their businesses,
generate new jobs and add lasting value to our communities. We will
continue to do our part to help this vibrant sector thrive.”

Citi has multiple lending programs for small businesses with the goal of
responsibly providing loans to as many small business customers as
possible. Small business clients have an opportunity to access this
capital through loans, lines of credit and other conventional products.
In addition, clients are eligible for loans through SBA programs under
which Citi is a preferred lender.

Citi is dedicated to helping small business owners who may not qualify
for traditional financing access the capital they need to succeed.
Programs include the innovative work of its Community Development and
Community Capital divisions and the Citi Foundation, which are working
to expand financial inclusion and economic opportunity. Citi’s
community-based small business efforts focus on working with local and
national organizations, including qualified, mission-based Community
Development Financial Institutions, Community Development Corporations,
microfinance institutions and local municipalities to help entrepreneurs
begin and grow their businesses and create jobs.

About Citi

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.